Critical minerals 🪨 — Canadian banks hurt by weak earnings. Falling behind on critical minerals mining. The era of easy returns is over.
The Peak Daily
00:00
The Impact of Earnings on Canadian Banks
CIBC topped estimates despite seeing a revenue slump compared with last quarter. High interest rates are also slowing the demand for credit products. The cost of salaries, advertising, and paying out interest on customer deposits is rising. Despite the impact of earnings, experts say the large banks aren't likely to fall below minimum capital cushions required by regulators.
Transcript
Play full episode
